Monday, March 5, 2012

MoD Debars Six Firms From Business Dealings For 10 Years

The Ministry of Defence today decided to debar six firms- M/s Singapore Technologies Kinetics Ltd. (STK), M/s Israel Military Industries Ltd. (IMI), M/s Rheinmetall Air Defence (RAD), Zurich, M/s Corporation Defence, Russia (CDR), M/s TS Kisan & Co. Pvt. Ltd., New Delhi and M/s RK Machine Tools Ltd., Ludhiana – from further business dealings with the Ordnance Factory Board, Department of Defence Production, MoD, for a period of ten years.

The firms were recommended for blacklisting by the CBI on the basis of evidence collected against them. These firms were issued notice to show cause as to why action against them should not be taken consequent to the filing of the chargesheet in the case related to illegal gratification against former Director General of Ordnance Factories Shri Sudipto Ghosh and others. The decision to debar was taken today after taking into consideration their replies.

DPR

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